On Thursday, Nike Inc (NYSE: NKE) reported its fiscal second quarter results that fell short of Wall Street’s sales estimates for the second quarter in a row. The sneaker giant also lowered its sales outlook and announced it intends to cut costs by $2 billion over the next three years. Nike is considered a
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite trading higher on Tuesday.
The Dow traded down 0.18% to 36,138.19 while the NASDAQ rose 0.19% to 14,212.19. The S&P 500 also fell, dropping, 0.07% to 4,566.73.
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 100 points on Tuesday.
The Dow traded down 0.28% to 36,103.52 while the NASDAQ rose 0.32% to 14,230.64. The S&P 500 also fell, dropping, 0.03% to 4,568.46.
U.S. stocks traded lower this morning, with the Nasdaq Composite falling over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.23% to 36,120.88 while the NASDAQ fell 0.40% to 14,129.09. The S&P 500 also fell, dropping, 0.30% to 4,556.06.